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e-commerce

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What is meant?Electronic commerce Buying and selling of goods and services on the Internet, especially the World Wide WebDifferent from e-business for it solely focuses on buying and sellingConsidered as the sale aspect of e-businessFrom 1999-2008 sales in e-commerce constitutes 4% of the world total sales

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Better to be Online!Easy search and retrieval of desired objectEase in comparison between object and shopsLess tiringTranscends timeEnables the business activity to enter the global marketCuts down cost

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Better to be Offline!Privacy issue and disclosure of informationPerishable goods, NO ENTRYFalse informationDelivery time can be an agony.Spam messages

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Division of E-commerceE-tailingAlso called as electronic retail or e-retailRetailers use Web to sell products and servicesThis division directly refers to the one we see, the 24 hour virtual mall.Amazon.com, Compudata.com, Social Networks

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Division of E-commerceMarket researchAbility of companies to gather data from their prospects through registration form, questionnaires or order formsBut this is a privacy issue, whether if it is really for market study

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Division of E-commerceElectronic Data Interchange (EDI)Exchange of business data using an understood data format.Involves data exchange from parties that do know each otherEDI is expected to be replaced by one or more standard XML formats such as ebXML

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Division of E-commerceEmail, fax and internet telephonyUsed as a media to reached prospects and established customers.Internet telephony and fax is usually done in business to business transaction Companies and their email of newsletters to subscribersOpt-in-email allows user to voluntarily receive mail updates

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Division of E-commerceBusiness-to-Business Buying and SellingCompanies were able to reach the right people in the other company for more information

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Division of E-commerceThe Security of Business TransactionsThis includes:1. authenticating business transactors2. controlling access to resources such as Web pages for registered or selected users3. encrypting communicationsSecure Sockets Layer (SSL) is one of the most widely used security technology.

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Types of Electronic CommerceB2B (Business to Business)Open to all interested parties such as commodity exchangePre-qualified participantsNegotiated contracts as to how much will be boughtB2C (Business to Consumer)With intermediaryWithout intermediary, termed as online shopping (via Multiply)First come, first serve basis

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Online banking and Online TradingOnline banking allows users to pay bills and view their bank accounts and statements from their computersOnline trading allows users to invest without using broker, often with a lower transaction fee

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I am a Billionaire, how can I Spend my Money OnlineMusic, videos, news, sporting events and games.

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I am a Billionaire, how can I Spend my Money OnlineAirline, hotel, and car reservations

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I am a Billionaire, how can I Spend my Money OnlineBuy stuffs such as clothes, accessories, gadgets etc.

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I am a Billionaire, how can I Spend my Money OnlineHealth and Medicine